Watch List notes:

Caracalla, 198-217. Denarius (Silver, 18 mm, 3.63 g, 12 h), Rome, 202. ANTONINVS PIVS AVG Laureate and draped bust of Caracalla to right, seen from behind. Rev. PART MAX PON T[R P V CO]S Trophy between two captives. BMC 393. Cohen 179. RIC 64. Lightly toned. Very fine.